E89: GDP growth negative in Q2, $SHOP layoffs, Alzheimer's fraud, Ginkgo acquires Zymergen & more

All-In with Chamath, Jason, Sacks & Friedberg

All-In Podcast, LLC

Alllin, Coronavirus, Calacanis, Palihapitiya, Health, Sacks, Friedberg, Allin, Entrepreneurship, Covid19, Gambling, Grow, Investing, Iq, Tips, Tech, Business, Jason, Startups, Poker, Technology, Money, Learn, Davidsacks, Davidfriedberg, Chamath

4.2 • 7.1K Ratings

🗓️ 29 July 2022

⏱️ 88 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

0:00 Bestie intros!

2:19 GDP growth is negative for a second consecutive quarter, but is the US actually in a recession? How has the White House controlled the narrative?

22:45 Looking at COVID trends with a post-COVID view: e-commerce, remote work, and how they correlate

36:33 "Inflation Reduction Act", how government subsidies can stifle innovation

59:50 Alzheimer's fraud, Ginkgo acquires Zymergen for $300M

1:17:36 Democrats backing MAGA candidates in primaries vs. more moderate republicans: savvy and cynical or too risky?

Follow the besties:

https://twitter.com/chamath

https://linktr.ee/calacanis

https://twitter.com/DavidSacks

https://twitter.com/friedberg

Follow the pod:

https://twitter.com/theallinpod

https://linktr.ee/allinpodcast

Intro Music Credit:

https://rb.gy/tppkzl

https://twitter.com/yung_spielburg

Intro Video Credit:

https://twitter.com/TheZachEffect

Referenced in the show:

https://www.bea.gov/news/2022/gross-domestic-product-second-quarter-2022-advance-estimate#:~:text=Real%20gross%20domestic%20product%20

https://news.shopify.com/changes-to-shopifys-team

https://www.google.com/finance/quote/TDOC:NYSE

https://www.wsj.com/articles/whats-in-joe-manchin-and-chuck-schumers-reconciliation-deal-on-climate-health-and-tax-policy-11658973323

https://twitter.com/jamiedupree/status/1552406981637545993

https://www.nytimes.com/2022/07/24/world/africa/congo-oil-gas-auction.html

https://www.science.org/content/article/potential-fabrication-research-images-threatens-key-theory-alzheimers-disease

https://www.nature.com/articles/s41380-022-01661-0

https://www.pharmaceutical-technology.com/news/ginkgo-acquire-zymergen/

https://www.nytimes.com/2022/07/26/us/politics/democrats-john-gibbs-peter-meijer.html

https://twitter.com/ConanOBrien/status/1552358211986006019

https://twitter.com/maga_cy/status/1552360064693915648

Transcript

Click on a timestamp to play from that location

0:00.0	All right, his monthly burn rate would make even Bezos wins. He's living the life of a Sri
0:05.2	Lankan prince. He drinks nothing but the absolute highest top shelf. He's lifting Italy's GDP
0:11.2	by himself. The dictators backed Mothpolly Hoppatiya back to the program. Thank you, Jake.
0:17.1	Well, you mentioned that burn rate. I thought you could be talking about me.
0:19.6	I was talking about it. Sometimes he's in tropes. You're not sure which way to go. It's a
0:23.6	misdirect. It's a misdirect comedy. A misdirect is inconceivable that my burn is higher than David's
0:30.4	act. I have I own one house. How is it possible? And maybe one or two next.
0:38.8	He's such a nice. He's analyzing macroeconomic charts and grids. Well, at the same time,
0:44.0	ignoring his kids. He's the Sultan of SAS. It's no surprise. The only thing heavier than his
0:49.2	pockets, the bags under his eyes, the rainman is back. David Sacks. It's not bad. Oh, here we go.
0:56.2	Here we go. The admiral of anxiety. He's rife with Shrive. He plays a **** on his PS5.
1:02.7	And he also plays what in real life. Meow. The commander of the catboys. David Friedberg.
1:08.3	I mean, I'm totally cool with that opening because you're going to look like an asshole. It's all
1:11.6	good. I mean, more of an asshole. I mean, he didn't ignore it. Every time Fibrix spoke, he would
1:17.6	have heard that the guy from unappointed pictures reached out to him, gave him a link to download a
1:23.1	free game about cats, which he downloaded. And he's been playing. It's now the most popular video
1:28.0	game in the world. You introduced the cat game. It's on you. By the way, what shirt are you wearing?
1:32.2	It looks like a carpet. Yeah, you really do look like one of the characters from Goodfellas,
1:36.6	like one of the older guys in the Kansas City. Oh, yeah. I have my stuff right off screen here.
1:41.7	And I got my hands off. I got from Duncan. Remind me of one of the guys in Kansas City from
1:45.7	Casino. Absolutely. Sit around the table in that restaurant. It's like, should we whack him? Why take
1:50.5	a chance? Boom. You get him. He got my style icon. Joe Petchy's my style icon.
	...

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